Political, Economic and Regulatory Risks in the Overseas Property Business
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 38 of 76 companies on the "Worse" side.
38 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group operates property businesses in countries around the world. If changes in political or economic conditions, unexpected changes in laws or regulations, labor shortages, terrorism, war, strikes, demonstrations, natural disasters or other events occur in the countries and regions where it operates overseas, they could affect the Group’s business performance and financial position.」
Continues to identify political and economic conditions, regulatory, labor, terrorism and war, and natural-disaster risks related to the overseas property business. - FY2024RestatedAnnual report
「The Group operates property businesses in countries around the world. If changes in political or economic conditions, unexpected changes in laws or regulations, labor shortages, terrorism, war, strikes, demonstrations, natural disasters or other events occur in the countries and regions where it operates overseas, they could affect the Group’s business performance and financial position.」
Continues to identify political and economic conditions, regulatory, labor, terrorism and war, and natural-disaster risks related to the overseas property business. - FY2021MitigatedAnnual report
「The Group endeavors to gather information on the political and economic conditions and other matters in the countries and regions where it operates overseas, and to reduce or avoid the associated risks.」
Explicitly identifies information gathering as a measure to reduce or avoid political, economic, regulatory and other risks in the overseas property business. - FY2019ReframedAnnual report
「Changes in political or economic conditions, the enactment or amendment of laws and regulations, terrorism, war, or changes in local labor conditions in the Group’s overseas operations could affect its business performance and financial position.」
Terrorism and war are explicitly identified as additional risks to the overseas property business, alongside political and economic conditions, laws and regulations, and labor conditions. - FY2018First statedAnnual report
「Our group operates the Property Business in countries around the world. Changes in political or economic conditions, the enactment or amendment of laws and regulations, or changes in local labor conditions in overseas operations may affect our group’s results and financial position.」
Political and economic conditions, laws and regulations, and changes in labor conditions are identified as risks for the Property Business conducted overseas.